Reply #5: Deficit Spending [View All]

[JohnnyRingo]

As I understand it:

When the country spends more than it takes in, we have to print more greenbacks (seen any new money lately?)
When we print more cash, we're faced with 2 choices:

1. Keep the money here, and create runaway inflation from a glut of paper currency
2. Send the money out of the country, and devalue it's worth against foreign notes.

So far, Buxh has opted for the easy way out with the second choice:
Foreign war
Export jobs
Import labor that sends money to their home country
Increase foreign aid to obscure tinhorn dictators
Allow companies to set up offshore headquarters
Buy foreign goods for government use (especially military)

All the above sends money out of the country.
Coupled with massive corporate tax cuts, we've reached a tipping point where the Franklins are no longer as welcome overseas. The money is now piling up here, causing increased inflation.

Now we have a new crisis on our hands.....Bankruptcy

Corporate greed knows no bounds, and Buxh has pampered them like a sugar daddy with a platinum credit card.